This consultation paper sets out ASIC’s proposal to remake our class order on mortgage investment schemes. Under the Legislation Act 2003, this class order will expire (‘sunset’) if not remade.

We are seeking feedback from operators of mortgage investment schemes on our proposal to remake Class Order [CO 02/238] Mortgage schemes: Ch 5C and disclosure relief, which is due to expire on 1 October 2017.

We are also seeking feedback on whether we should grant relief to allow the constitution of a registered managed investment scheme to provide for multiple withdrawal periods.